Message from @ᚾᚨᚦᚨᚾ
Discord ID: 324311190723493889
And I mean, even if you try to argue that the less than 30% of the market that was nationalized made it socialist, I have an essay to pull up that explains why nationalization is not socialistic in the least bit
Written in the 1930s by an anti soviet socialist
Venezuela isn't "failed capitalism", it's had adopted socialist policies since Chavez. And the oil industry isn't the only sector they nationalized, food distribution itself is controlled by the government, and that hasn't worked out at all, the government can't even feed it's own people with rations, and people can't even buy toilet paper because the factories are occupied. It's not a real democracy nor is it really market capitalism if the government is controlling most aspects of economic life for Venezuelans.
Here ya go
It did just fine until the oil market crashed
And 70% of the economy is privately owned
The government relied on revenue from the nationalized oil industry to fund itself
It worked amazingly until of course the oil market crashed
The CAPITALIST oil MARKET
Food shortages were prevelant well before the oil market crash.
they were being solved quite quickly
The government was drowning in money before 2014
And then oil prices dropped by 70 some percent
And oil of course was a massive part of venezuelas economy and the largest source of government income
I dare you to find an article on Venezuela being in crisis before 2013/14
If you find one, read the essay I sent above, if not, my point has been proven
The government might've been drowning in money, it's hard to find a socialist government that doesn't have a rich government. That doesn't mean that regular people have money, or are living comfortably, Venezuelans have had problems since Chavez.
It's been in a food shortage crisis since 2010.
They're not socialist tho
Where do you get that figure?
Fox fucking News
Your lord and savior
I don't really take a news source from so-called experts seriously, I only look at actual citations from studies or analysis.
:/
Take the damn source
l0l0l
You don't wanna know how many times I've gotten into debates where the whole thing boils down to whose sources are better
Trust me I prefer raw data but so many conservatives worship Fox News that I was elated when I found their article on how much of the Venezuelan economy was privately owned
Well I never read that, you should show me.
"Yet creating a socialist economy is one of Chavez's most elusive goals — a stark example of the disconnect between the president's rhetoric and the reality on the ground. In fact, the private sector still controls two-thirds of Venezuela's economy — the same as when Chavez was elected in 1998"
This is from 7 years ago.
Look up their nationalizations since then
It's hardly anything
The largest "socialist" policies were implemented immediately before this article was written
Food distribution was nationalized after 2010, and so were many more industries.
Right now, I don't think it's the same thing as it was in 2010.
It's pretty close honestly
How do you know?